2022
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GDP
$19.5BCURRENT US$
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2012-2022
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GDP GROWTH
83.7%CURRENT US$
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2022
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 GDP
$1.11TCURRENT US$
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2012-2022
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GDP GROWTH
49.4%CURRENT US$
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2022
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GDP PC 
$7,014CURRENT US$
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2012-2022
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GDP PC GROWTH
92.5%CURRENT US$
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2022
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GDP PC
$30,436CURRENT US$
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2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
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About

Armenia-Saudi Arabia In 2022, Armenia exported $1.25M to Saudi Arabia. The main products that Armenia exported to Saudi Arabia are Aluminium Structures ($493k), Chocolate ($204k), and House Linens ($164k). During the last 27 years the exports of Armenia to Saudi Arabia have increased at an annualized rate of 7.21%, from $191k in 1995 to $1.25M in 2022.

In 2022, Armenia did not export any services to Saudi Arabia.

Saudi Arabia-Armenia In 2022, Saudi Arabia exported $2.83M to Armenia. The main products that Saudi Arabia exported to Armenia were Ethylene Polymers ($1.32M), Propylene Polymers ($1.13M), and Other Processed Vegetables ($181k). During the last 27 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 9.25%, from $260k in 1995 to $2.83M in 2022.

In 2022, Saudi Arabia did not export any services to Armenia.

Comparison In 2022,  Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B). That same year, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $1.25M to Saudi Arabia. The main products exported from Armenia to Saudi Arabia were Aluminium Structures ($493k), Chocolate ($204k), and House Linens ($164k). During the last 27 years the exports of Armenia to Saudi Arabia have increased at an annualized rate of 7.21%, from $191k in 1995 to $1.25M in 2022.

In 2022, Saudi Arabia exported $2.83M to Armenia. The main products exported from Saudi Arabia to Armenia were Ethylene Polymers ($1.32M), Propylene Polymers ($1.13M), and Other Processed Vegetables ($181k). During the last 26 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 9.25%, from $260k in 1996 to $2.83M in 2022.

Exports from Armenia (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Saudi Arabia (Flag)

Armenia Exports

Saudi Arabia Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Saudi Arabia
Top Destination
China$68B

This map shows whether countries import more from Armenia or Saudi Arabia. Each country is colored based on the difference in imports they receive from Armenia and Saudi Arabia or the difference in the growth in imports.

In 2021, countries that imported more from Armenia than Saudi Arabia were Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2021, countries that imported more from Saudi Arabia than Armenia were China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Saudi Arabia

Flow
Scale

This chart compares trade between Armenia and Saudi Arabia by product, considering products traded by both, Armenia and Saudi Arabia.

During 2022, Armenia had a large net trade with Saudi Arabia in the exports of Metals ($575k), Foodstuffs ($294k), and Textiles ($198k).

During 2022, Saudi Arabia had a large net trade with Armenia in the exports of Plastics and Rubbers ($2.45M), Foodstuffs ($234k), and Vegetable Products ($86.9k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Saudi Arabia. Similarly, the more yellow a dot/product is, the more Saudi Arabia has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Saudi Arabia (Flag) (2022)

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